LaSalle IM buys Coppergate mall from Land Securities

UK real estate investment trust Land Securities has sold the Coppergate shopping centre in York to LaSalle Investment Management. The investment amount is said to be around £43 mln (EUR 57 mln). LaSalle has appointed regeneration specialists Centros to develop a long-awaited second phase of the 200,000 sq ft (18,580 m2) scheme. Plans by Land Securities to redevelop the land adjacent to the mall were halted after a public inquiry in 2003.

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